Executive Compensation

Exclusive: U.S. minimum wage hikes to affect 1,400-plus Walmart stores

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CHICAGO - Minimum wage increases across the United States will prompt Wal-Mart Stores Inc to adjust base salaries at 1,434 stores, impacting about a third of its U.S. locations, according to an internal memo reviewed by Reuters. | Video

PRESS DIGEST- British Business - Dec 24

The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

UPDATE 1-Kentucky businessman pleads guilty to $53 mln tax fraud

NEW YORK, Dec 23 - A Kentucky businessman pleaded guilty on Tuesday to perpetrating a $53 million tax fraud, conspiring to bribe bank executives and scheming to defraud regulators, in a case that stemmed from a U.S. investigation of a failed New York bank.

Kentucky businessman pleads guilty to $53 mln tax fraud

NEW YORK, Dec 23 - A Kentucky businessman pleaded guilty on Tuesday to perpetrating a $53 million tax fraud, conspiring to bribe bank executives and scheming to defraud regulators, in a case that stemmed from a U.S. investigation of a failed New York bank.

U.S. credit union regulator sues Wells Fargo over crisis-era trusts

- The U.S. credit union regulator sued Wells Fargo & Co Tuesday, saying the bank failed to fulfill its duties as a trustee for certain residential mortgage-backed securities trusts that soured and brought down five credit unions.

UPDATE 1-U.S. credit union regulator sues Wells Fargo over crisis-era trusts

Dec 23 - The U.S. credit union regulator sued Wells Fargo & Co Tuesday, saying the bank failed to fulfill its duties as a trustee for certain residential mortgage-backed securities trusts that soured and brought down five credit unions.

US SEC's new investor watchdog lays out risky products for 2014

WASHINGTON, Dec 23 - The U.S. securities investor watchdog office on Tuesday unveiled its list of the top products and practices that bedeviled mom and pop investors in 2014.

Bank dealmakers set for bonus cheer, bond traders not so much

* After big fines for misconduct, some bonus pools to be cut

GM gets 104 more claims for faulty ignition switch compensation

- General Motors Co has received 104 claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 2,430, according to the official administering the compensation program.

22 Dec 2014

FINRA bars ex-Wells Fargo broker for life for theft from client

Dec 22 - A former Wells Fargo Advisors broker in Chico, California, has been permanently barred from the industry for stealing almost $89,000 from an elderly customer, the U.S. securities industry's principal regulator of brokers said on Monday.

Director's cut: Best-paid corporate boards

A seat on a corporate board is nice work if you can get it, especially at three companies that pay their directors more than $100,000 per meeting. A Reuters Special Report.  Full Article